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4d ago

Nvidia and AMD Secure Landmark AI Chip Deals with Saudi Arabia’s Humain

The agreements, worth $17 billion combined, mark a pivotal shift in U.S. semiconductor exports and Middle East AI infrastructure investment.

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Nvidia CEO Jensen Huang saw his personal fortune surge by $12 billion in a single day following the chipmaker's landmark deal with Saudi Arabia.
Nvidia is one of several U.S. tech companies to partner with Saudi AI startup Humain.
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Overview

  • Nvidia finalized a $7 billion deal to supply hundreds of thousands of advanced AI chips, including 18,000 GB300 chips, to Saudi Arabia's Humain over five years.
  • AMD signed a $10 billion multi-year agreement to provide AI processors and graphics chips for Humain's data centers, which will have a capacity of up to 500 megawatts.
  • The deals coincide with President Trump's Middle East tour and the rollback of Biden-era AI chip export restrictions, expanding U.S. tech access in Saudi Arabia and the UAE.
  • Nvidia's market cap surged past $3 trillion, and CEO Jensen Huang's net worth increased by $12 billion following the announcement.
  • Analysts project $3–5 billion in annual AI chip sales from the Middle East, with expectations of further high-value partnerships involving companies like Tesla and Palantir.